Southern Plumbing & Heating Merchants Ltd

Southern Plumbing & Heating Merchants Ltd

Well-established and profitable plumbing and heating retail business operating from seller-owned premises in the Isle of Man. The business includes a fully fitted bathroom showroom and a busy trade counter, serving both trade and domestic customers. The business demonstrates strong and consistent EBITDA performance and represents an excellent opportunity for a trade buyer, owner-operator, or strategic acquirer.

The Business

1. Retail plumbing, heating, and bathroom supply business
2. Established Isle of Man limited company with strong local reputation
3. Trade counter and showroom sales model
4. Long-standing customer base including plumbers, contractors, and domestic customers
5. Member of UK Buying Group The IPG

Products & Services

• Plumbing and heating supplies
• Bathroom Suites, Fittings, Tiles and accessories
• Radiators and heating components
• Trade consumables and tools

Stock

Stock to be valued at cost at completion and payable in addition to the agreed business purchase price.

Sale Structure

The business is offered for sale by way of an share sale or asset and business sale (to be agreed). A handover period will be provided to ensure a smooth transition. The sale is confidential and subject to a unilateral non-disclosure agreement.

Property & Lease

• Premises owned by the seller
• New lease to be granted to purchaser, Full repairing and insuring (FRI) lease
• Tenant break option at year 5
• Rent: Approx £16,000 per annum

Reasons to Buy

Established Market Presence
Well-known local supplier with a strong reputation among trade professionals and retail customers, built over many years of consistent trading with a Strategic presence in the South of the Isle of Man.

Balanced Revenue Mix
Combination of repeat trade counter sales and showroom business provides resilience and diversified income streams.

Recurring Trade Customers
Loyal base of plumbing and heating contractors generating regular, predictable demand supported by long-standing relationships.

Physical Infrastructure in Place
Fully operational premises incorporating trade counter, warehouse and showroom, allowing a buyer to step into an established platform without setup risk.

Supplier Relationships
Established relationships with Suppliers, supporting reliable stock availability and competitive pricing. Along with The IPG buying group support network.

Scalable Platform
Enhanced marketing, product range extension, or integration into a larger network.

Reasons for Sale

The business is family owned and owner-managed, having been developed over Ten years into a well-established plumbing, heating and bathroom retail operation.

The proposed sale reflects the owners’ desire to move into semi-retirement, and they now wish to realize value and pursue other interests. The owners believe this is an appropriate point to introduce a new owner who can continue to build on the strong foundations already in place.

The decision to sell is not related to trading performance or market conditions. The owners are committed to ensuring continuity and are open to providing transitional support, subject to agreement, and to assist with knowledge transfer and relationship management.